ILFC toujours à vendre ... et sans acheteur à l'horizon !
on ne parle plus de la tentative de SUH !
Le premier trimestre sera couvert ... aprés, l'argent pourrait avoir un coût trés différent !
950 Avions en location ... tentant quand même !
Valeur 50 Billions, et 35.7 de dettes !
Et prés de 17 Billions de commandes pour 174 Avions, chez A et B !
Bon, les Airframers aideront !
ILFC Quiquinenveut !
-------------------------- Extrait de AJCcom/ AP -------------------------
http://www.ajc.com/search/content//printedition/2009/01/13/aig.htmlAIG fleet of planes draws no buyers Debt concerns complicate sale
By Joshua Freed
Tuesday, January 13, 2009
Minneapolis —- There was a time when buyers would have lined up for a chance to buy one of the world’s largest aircraft owners.
But months after American International Group Inc. hung a “For Sale”
sign on its aircraft leasing subsidiary International Lease Finance
Corp., no deal has closed. AIG is trying to sell assets to repay the
$60 billion federal loan that helped it avoid collapse this fall. But
the same frozen credit markets that hurt AIG are making it hard to find
a buyer for debt-laden ILFC and the planes it values at $50 billion.
ILFC should be one of AIG’s most attractive assets, in part because
it has nothing to do with the troubled housing finance sector. Its 950
planes make up the world’s second-largest fleet, behind only GE
Commercial Aviation Services.
In the U.S., ILFC’s customers include American Airlines, Delta Air
Lines, JetBlue, and US Airways, although 90 percent of its business is
done internationally. That has insulated it from the ups and downs of
U.S. airlines. Its planes are locked into leases, giving it a steady
Most travelers don’t care who owns a particular plane. But ILFC’s
fate is being closely watched in the aviation industry, in part because
of what it says about lenders’ appetite for airplanes, and in part
because ILFC is the biggest buyer of Airbus planes and among the
largest Boeing customers.
One key to ILFC’s success has been its ability to borrow cheaply to
buy all those planes —- in part because of AIG’s backing, said Fitch
Ratings analysts William Artz and Christopher D. Wolfe. Indeed, ILFC’s
bank debt has a covenant that says it must be at least 51 percent owned
by AIG. That brings the banks in as potential negotiators of a sale.
“If the buyer is weaker, they may have issues with it, and it may have some impact on the ability to sell ILFC,” Artz said.
ILFC’s debt stood at $35.72 billion as of Sept. 30